Fortis NV

FORSY-NL

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about FORSY-NL

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
July 4, 2008
Has heartburn from its ABN Amro acquisition last June. Had another $2 billion write-down on CDO exposure and also had to sell assets to appease regulators. Scrapped the dividend and paid stock instead. This will create a huge dilution and earnings will probably be flat for the next couple of years. He sold his holdings.
Fortis NV (FORSY-NL)
July 4, 2008
Has heartburn from its ABN Amro acquisition last June. Had another $2 billion write-down on CDO exposure and also had to sell assets to appease regulators. Scrapped the dividend and paid stock instead. This will create a huge dilution and earnings will probably be flat for the next couple of years. He sold his holdings.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.001
Owned
No
COMMENT
COMMENT
June 25, 2008
Involved with the Royal Bank of Scotland in the ABN-Amro deal and took over the retail business in the Netherlands. They have to integrate this, which is a longer-term process and could hold back the stock. If they meet all their targets they will do well over a longer period of time.
Fortis NV (FORSY-NL)
June 25, 2008
Involved with the Royal Bank of Scotland in the ABN-Amro deal and took over the retail business in the Netherlands. They have to integrate this, which is a longer-term process and could hold back the stock. If they meet all their targets they will do well over a longer period of time.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$0.001
Owned
No
PAST TOP PICK
PAST TOP PICK
April 23, 2008
(A Top Pick June 22/07. Down 40%.) Belgian bank. Started buying more shares when the dividend was increased about 3 weeks ago. Still a Buy.
Fortis NV (FORSY-NL)
April 23, 2008
(A Top Pick June 22/07. Down 40%.) Belgian bank. Started buying more shares when the dividend was increased about 3 weeks ago. Still a Buy.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.001
Owned
Yes
BUY
BUY
December 6, 2007
Basically went down because of the takeover on the rights issue. 7% yield. With the ABN acquisition, they get the Dutch operations, which will be very good for them. Very limited sub prime exposure. A tremendous buying opportunity.
Fortis NV (FORSY-NL)
December 6, 2007
Basically went down because of the takeover on the rights issue. 7% yield. With the ABN acquisition, they get the Dutch operations, which will be very good for them. Very limited sub prime exposure. A tremendous buying opportunity.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.001
Owned
Unknown
BUY
BUY
August 16, 2007
(Euronext Brussels and Euronext Amsterdam exchanges.) Likes the company. Yields 5.47%. Very cheap at 8 X forward earnings.
Fortis NV (FORSY-NL)
August 16, 2007
(Euronext Brussels and Euronext Amsterdam exchanges.) Likes the company. Yields 5.47%. Very cheap at 8 X forward earnings.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.001
Owned
Yes
TOP PICK
TOP PICK
June 22, 2007
(Not available on North American exchanges.) Bank and insurance companies in Europe. 5.25% dividend yield. PE ratio is about 10 X earnings. Very deep value play.
Fortis NV (FORSY-NL)
June 22, 2007
(Not available on North American exchanges.) Bank and insurance companies in Europe. 5.25% dividend yield. PE ratio is about 10 X earnings. Very deep value play.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.001
Owned
Yes
BUY
BUY
June 7, 2007
Under a new management team and is extremely well done. Shares have come off, because they are attempting a takeover, but is well worth it at this level. dividend is 5.3.
Fortis NV (FORSY-NL)
June 7, 2007
Under a new management team and is extremely well done. Shares have come off, because they are attempting a takeover, but is well worth it at this level. dividend is 5.3.
Charles Lannon
Director of Research, Toron Investment Management
Price
$0.001
Owned
Unknown
BUY
BUY
February 15, 2007
A Belgian bank/insurance company. Dividend yield of about 3.6% and interest rates are about 3.4%, so you are getting the same yield with the prospect of capital appreciation.
Fortis NV (FORSY-NL)
February 15, 2007
A Belgian bank/insurance company. Dividend yield of about 3.6% and interest rates are about 3.4%, so you are getting the same yield with the prospect of capital appreciation.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.001
Owned
Unknown
TOP PICK
TOP PICK
December 5, 2006
Yields about 4.5%. Insurance as well as banking in Europe and China. Likes the long term prospects.
Fortis NV (FORSY-NL)
December 5, 2006
Yields about 4.5%. Insurance as well as banking in Europe and China. Likes the long term prospects.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.001
Owned
Yes
BUY
BUY
November 23, 2006
Even with the big run it has had, it is still fair value.
Fortis NV (FORSY-NL)
November 23, 2006
Even with the big run it has had, it is still fair value.
Arthur Heinmaa
Managing Partner, Toron Investment Management
Price
$0.001
Owned
Yes
TOP PICK
TOP PICK
September 21, 2006
Belgium bank. The leading dental health insurer in North America and insurance in Asia/Europe. Yielding 5%.
Fortis NV (FORSY-NL)
September 21, 2006
Belgium bank. The leading dental health insurer in North America and insurance in Asia/Europe. Yielding 5%.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.001
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 14, 2006
(A Top Pick Aug 3/05. Up 32%.) Still likes. Dividends have been growing almost 20% a year. Yield of about 4.5%. Still likes and would recommend it as a buy.
Fortis NV (FORSY-NL)
September 14, 2006
(A Top Pick Aug 3/05. Up 32%.) Still likes. Dividends have been growing almost 20% a year. Yield of about 4.5%. Still likes and would recommend it as a buy.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.001
Owned
Yes
TOP PICK
TOP PICK
May 25, 2006
Starting to grow out in eastern Europe where the big growth is occurring. The euro has been rising faster against the US$ than the Cnd$. A nice natural way to hedge your portfolio. 4% dividend.
Fortis NV (FORSY-NL)
May 25, 2006
Starting to grow out in eastern Europe where the big growth is occurring. The euro has been rising faster against the US$ than the Cnd$. A nice natural way to hedge your portfolio. 4% dividend.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.001
Owned
Yes
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